Are NFTs dead for projects with Real art and utility?
Are NFTs dead for projects with Real art and utility?
I have to emphasize “Real” because alot of collections are lacking this. Yes we all want to make decent money. But is it unrealistic to still think a robust project with dedicated devs can take off 2024?
Let me know thoughts opinions.
NFT Fine Art is doing fine even in a bear market.
As for Utility Projects, that’s a harder thing to generalize. 2024 will see some new NFTs that start a new trend get traction, but good luck predicting what that will be.
There are also gaming NFTs which are more like assets in a game, so idk if that falls under utility, but I think we’ll see a game that has success and those top-tier assets for the game go for a pretty penny.
To me it means a sort of platform that provides immediate services that is decentralized and autonomous. I feel like true utility must meet those requirements, if I buy the NFT I should have access to whatever the utility as soon as possible.
NFTs with art and utility are just as alive as the attention as the artist earns and works for. Focus on those that are here working for this, and buy art you enjoy from someone you like and this won’t be an issue
I think the future for NFTs isn’t releasing a single, 10k piece project in one go. But rather a greater focus on individual pieces.
I mean, you don’t see thousands of pieces of physical art from an artist being released at any one time.